Property Description
Premium Local pub with food and garden in Lemsford.
The Sun offers a great opportunity for someone who wants to take on a well-backed, refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area:
The pub benefits from being the only pub within a 20-minute walk in an area of around 4,578 adults. The customer base is highly affluent, with families, couples, and older residents forming the core market.
Lemsford is an attractive village in Hertfordshire, close to Welwyn town centre and Brocket Hall. With Central Welwyn and Welwyn Garden City just a 10-minute drive away, the pub is ideally placed to attract both local residents and visitors.
The offer:
The Sun is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will strengthen the pub’s position as a Premium Local, with new external signage, redecoration and minor garden improvements. Internally, the pub is already in good condition, though a new operator will have scope to add their own finishing touches. With a full pub classics menu, strong drinks range, coffee, and a mix of entertainment from quizzes to gin and wine tasting events, the Sun has the potential to become a true all-day, all-week hub.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Sun will ideally have food experience, the ability to deliver a quality all-day offer, and a strong vision for creating a welcoming community venue.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The Sun will be undergoing a refurbishment which will cover external areas with new signage, redecoration and minor external works, alongside some kitchen upgrades.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
Main trading area with bar
34 internal dining covers
84 external covers
Catering kitchen with upgrades
HEINEKEN SmartDispense®
Garden and car park
3-bedroom private accommodation
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of 3 bedrooms.
Premises licence available on request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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